Assessment of the European Photovoltaic Industry Association (EPIA) is based on existing policies support. In any case, it is expected for the installed capacity of 40 GW in 2010 to increase to 100 GW in 2013 and 130 GW in 2015. Market solar energyÂ achieved unprecedented growth from 2010, where it grew by 230%. Last year

Assessment of the European Photovoltaic Industry Association (EPIA) is based on existing policies support. In any case, it is expected for the installed capacity of 40 GW in 2010 to increase to 100 GW in 2013 and 130 GW in 2015.

Market solar energyÂ achieved unprecedented growth from 2010, where it grew by 230%. Last year alone,Â the systems installed worldwide reached 16.6 GW (compared with 7.2 GW installedÂ 2009), the total capacity increased to 40 GW.

It is expected to riseÂ in value to 100 GW in 2013. In order to finally reach the level of 130 GW by 2015,Â the final amount could be as much as 200 GW if the development of this sector isÂ supported by appropriate policies.

These results are inÂ the latest report (Global-Market-Outlook-for-Photovoltaics-until-2015), whichÂ was drafted by the European Photovoltaic Industry Association (EPIA).

According to theÂ report, solar energy should reach the price tie to 2020. Although, due toÂ residential and commercial installations in various countries that aim toÂ achieve in the next few years.

If you play such aÂ scenario, Europe will retain its leading position. Depending on the scenarioÂ that takes into account the (moderate or stimulated) in 2015 the total capacityÂ of solar energy in Europe should be in the range 69-108 GW.

This sector isÂ expected to grow slowly in other regions of the world. It is estimated that theÂ U.S. installed capacity will range from 24-36 GW, in China between 15-18 GW andÂ in Japan the capacity will between 11 and 12.5 GW.

President of EPIA-e,Â Ingmar Wilhelm, said: “The current data already shows the huge capacity ofÂ solar energy and the contribution it can make to future energy scenarios.Â Currently, the installed worldwide capacity with total production of 50 billionÂ kWh is sufficient to satisfy electricity needs of countries such as Greece,Â Romania and Switzerland.